Form 4: First Community Corp Director Acquires Shares Through Deferred Compensation Plan

Director Alexander Snipe Jr. acquired 210 shares of First Community Corp stock through a deferred compensation plan on December 31, 2024.

Summary

• Alexander Snipe Jr., a director at First Community Corp, acquired 210 shares of common stock on December 31, 2024, through a deferred compensation plan.
• The shares were acquired at a price of $23.84 each.
• This transaction increased his direct holdings to 51,066 shares.
• He also indirectly owns 3,927 shares through Glory Communications, Inc.
• The director's deferred stock units include 43,588 units, with 259 units credited as dividend equivalents during the fourth quarter of 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction that indicates the director's confidence in the company.

Positives

• The director's participation in the deferred compensation plan demonstrates confidence in the company's future.
• The acquisition of shares increases the director's alignment with shareholder interests.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the director's participation in the company's compensation plan.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors in the financial services industry.
• The number of shares acquired is relatively small compared to the total outstanding shares of the company.
• The price of $23.84 is the market price at the time of the transaction, which is standard practice.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

First Community Corp, director, share acquisition, deferred compensation, stock units, insider trading, FCCO